As per the case facts the appeal originated from a High Court decision that quashed notifications to attach property under the MPID Act The central issue was whether a specific ... entity constituted a 'financial establishment' under the MPID Act The appeal to the Supreme Court aimed to overturn the High Court's quashing of the attachment notifications The question arose whether the High Court was correct in determining that the entity was not a 'financial establishment' and consequently in quashing the property attachments Finally the Supreme Court allowed the appeals and set aside the High Court's judgment ruling that the attachment notifications issued under Section of the MPID Act were valid effectively reversing the High Court's decision